How Much Is Your Home Really Worth In Today's Market

If you're considering selling your home, perhaps the toughest task you face is setting the price of your home. The main reason setting a price is often so difficult is that no two homes are exactly alike. However, even though this task is difficult, it can be done quite often with uncanny accuracy if you have access to the proper information.

Appraisers and Real Estate Agents both use similar methods to determine a home's value. Both use the comparable method of appraisal. Quite simply they compare your home to other similar properties that are within the same vicinity and that have closed in the previous twelve months. In addition, other factors may also be considered when comparing properties--such as school district, township, and age of the property and condition. One of the biggest mistakes homeowners make when attempting to determine their home's value is comparing their property to homes currently for sale since these properties might never sell at their asking price. Once you determine properties that are similar, adjustments are made to the subject property. These adjustments are meant to level the comparison for things such as square footage and other amenities like a pool.

If you have ever had the opportunity to view an actual appraisal, it becomes quite clear that appraising a property accurately is really more of an art than a science. If you're considering selling your home in the future, feel free to contact us for a no obligation comparative market evaluation of your home; after all, this service is included as part of our commitment to you. We will be glad to send you a CMA on your property based on historical data but it is always more accurate when given the opportunity to visit the property in person. You can find all of our contact information at the bottom of this page.

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